Future predicts results will beat forecasts

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Future predicts results will beat forecasts

Shares in FTSE 250 publisher Future (LON:FUTR) have climbed by 3.47% to 1,968p (as of 11:35 GMT) after it published a trading update for the four months ended 31st January. Management said that the company had seen high levels of engagement through the period with strong growth in the media division offsetting the COVID impacted Events arm. As a consequence, the company believes that full year profitability will be materially ahead of market expectations.

CEO Zillah Byng-Thorne commented: “I am delighted to report yet another period of growth across the Group. Following the integration of TI Media, we continue to make good progress against our strategy to build the leading specialist global media platform that drives intent, powered by technology and insight with scalable, diversified brands.

Price comparison for services is a natural complement in our strategy to enhance and expand our eCommerce proposition and monetisation opportunities beyond product purchase. I am therefore delighted we have now completed the acquisition of GoCo, which we are confident will create substantial value for shareholders“.

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